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Solving healthcare procurement challenges

As early as 2004, Alan Smith and Frank Flanegin published an article on e-procurement and its benefits to the supply chain in the healthcare industry, in the International Journal of Electronic Healthcare. In their article, they discuss the overall strategic … See more

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URL: https://www.fraxion.biz/blog/solving-healthcare-procurement-challenges

Industries Procurement Software Fraxion

WEBWe work with mid-size companies across all industries. Get in touch with one of our product specialists to find out how we can assist your organization. Fraxion Spend Management …

Category: Health Go Health

Purchase Order Software Fraxion

WEBUnlock time and cost savings with purchase order software. Replace time consuming manual purchase order processes with fast, accurate PO automation. Transform …

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Purchasing Software Requisition Approval Workflows Fraxion

WEBFraxion's purchasing software empowers businesses to: Ensure delegation of authority. Align approvals with spending levels and thresholds. Customize approval thresholds …

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Why purchasing internal controls matter

WEBBy underpinning processes with consistent, internal purchasing controls you can strengthen your strategy and protect your organization via thorough authorization …

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Procurement Benchmarking: What are the Purchasing KPIs

WEBProcurement benchmarking enables organizations to identify areas that require improvement internally. When you can see your current KPIs, how your …

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e-Procurement benefits: Top advantages in modern business

WEBThe top 8 benefits of transitioning to an e-Procurement system. 1. Enhanced visibility. e-Procurement gives you centralized access to all your data. Track down a PO …

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Direct vs indirect procurement: A comparative analysis

WEBDirect procurement has a direct impact on an organization’s bottom line as it includes revenue-generating expenditure related to products being sold, whereas …

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How P2P software optimizes the procure-to-pay process

WEBThis brings us to our next key step in the procure-to-pay process: 4. Purchase requisition approval. Each request is automatically routed through a defined requisition …

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Fraxion and Amazon: Delivering PunchOut Enabled Spend …

WEBPunchOut is a software solution that provides the means to access any PunchOut enabled supplier's online catalog via an eProcurement application like …

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6 steps to achieve procurement visibility

WEBTo reduce significant rogue spending, you can also implement spend limits that prevent employees from racking up major bills. 6. Communicate clearly and …

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Centralized vs Decentralized Purchasing: A Complete Guide

WEBThere are advantages and disadvantages to centralized purchasing, here are some below: Advantages of centralized purchasing: Better management of spend, that …

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Digital transformation in the face of a global crisis

WEBDigital transformation in the face of a global crisis. John O'Callaghan. Apr 6, 2020. Nobel Peace Prize winner and human rights activist Desmond Tutu once said, "A …

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How to Minimize Operating Costs for Educational Institutions

WEBHow educational institutions can minimize operating costs with digital spend management. Benjamin Franklin, one of the leading Founding Fathers of the United …

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The importance of procurement in enhancing business profitability …

WEBFirst and foremost, reducing costs is the best way to maximize business profitability. Any business looking to increase profitability needs to implement effective …

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How to improve budget control

WEBRegularly review and adjust budgets based on business objectives and market conditions; increase or decrease budgets as required. Leverage technology to …

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A business resilience guide for finance leaders Spend visibility

WEBPart 1 | Spend visibility: Informed decision-making. As companies continue to face unprecedented economic headwinds, rising inflation, disruptions, and …

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Overcoming finance challenges: A comprehensive guide for

WEBOverall, financial leaders drive financial health, efficiency, stability, growth, and compliance through expertise and strategic oversight. Common challenges …

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Spend Management in Property Management

WEBFor property management companies, their clients—investors in the properties you manage—are ultimately responsible for covering the cost of three of the …

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